Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Callahan Advisors LLC

Callahan Advisors LLC increased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,777 shares of the coffee company’s stock after purchasing an additional 830 shares during the period. Callahan Advisors LLC’s holdings in Starbucks were worth $3,356,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SBUX. Financial Life Planners acquired a new stake in shares of Starbucks during the fourth quarter valued at about $25,000. Collier Financial acquired a new stake in shares of Starbucks during the fourth quarter valued at about $27,000. DT Investment Partners LLC increased its position in shares of Starbucks by 39.4% during the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after acquiring an additional 121 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Starbucks during the third quarter valued at about $49,000. Finally, Morton Brown Family Wealth LLC increased its position in shares of Starbucks by 43.9% during the fourth quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock valued at $46,000 after acquiring an additional 154 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Performance

Shares of Starbucks stock opened at $112.55 on Tuesday. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $113.47. The company has a market capitalization of $127.85 billion, a P/E ratio of 36.31, a PEG ratio of 3.52 and a beta of 1.00. The company’s fifty day moving average is $98.55 and its two-hundred day moving average is $96.40.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter in the prior year, the company posted $0.90 EPS. As a group, equities analysts expect that Starbucks Co. will post 3 earnings per share for the current year.

Insider Transactions at Starbucks

In related news, CFO Rachel Ruggeri sold 1,491 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the sale, the chief financial officer now owns 80,124 shares in the company, valued at $7,975,542.96. This trade represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on SBUX shares. Wells Fargo & Company raised their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. TD Cowen reiterated a “buy” rating and set a $110.00 target price on shares of Starbucks in a report on Monday, November 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Bank of America reduced their target price on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Finally, Citigroup increased their target price on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.33.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.